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John Kilduff

Quotes from the news wire:

That IEA report is one of the best ones we’ve seen them publish in awhile in terms of being optimistic about the continued rebound in demand.

– John Kilduff

Found on Reuters 1 year ago Top News

With Brent over $60, it’s been great psychologically, everyone is feeling bullish about stronger demand and global inventories in further decline.

– John Kilduff

Found on Reuters 1 year ago Top News

With Brent over $60, it’s been great psychologically ... and everyone is feeling bullish about stronger demand and global inventories in further decline.

– John Kilduff

Found on Reuters 1 year ago Top News

That helped, and given the broader situation with OPEC+, I would expect for this market to tighten up further.

– John Kilduff

Found on Reuters 1 year ago Top News

There’s renewed hopes about the stimulus - there’s just a good mood in the markets overall, a sense of moving forward and that demand is going to be picking up.

– John Kilduff

Found on Reuters 1 year ago Top News

There was a lot of nervousness going into this press conference, so it looks like the worst case scenario doesn't appear to be emerging.

– John Kilduff

Found on Reuters 2 years ago Business

The rig count was another stunner. These are meaningful cuts and they have come at a rapid pace.

– John Kilduff

Found on Reuters 2 years ago Business

This reminds me of the aftermath of the 1998 price crash and what it did to our productive capacity for the next decade, these busts like this can be long lasting in the oil industry.

– John Kilduff

Found on Reuters 2 years ago Business

There was almost an immediate response from U.S. producers to cut spending that will likely result in diminished U.S. oil output in the months ahead.

– John Kilduff

Found on Reuters 2 years ago Top News

Prices plunged because the OPEC confab ended up being an epic fail on the part of all involved. Russia has clearly decided to employ a scorched earth approach to the oil market: every country for itself.

– John Kilduff

Found on Reuters 2 years ago Business

Gasoline demand is starting to rebound, and the modest drawdown in refined fuels helped to offset the bearish, blaring crude oil headline.

– John Kilduff

Found on Reuters 2 years ago Business

I think everybody is conscious of what's going on in the Middle East with Iraq and Libya.

– John Kilduff

Found on Reuters 2 years ago Business

Given the volatility around the U.S.-China trade saga, it's hard to be short over the weekend, the turn of a phrase could restore the very hopes that were dashed just last night over a deal being struck.

– John Kilduff

Found on Reuters 2 years ago Business

Some of the vibes out of the U.S.-China talks are positive again and that's certainly what's fuelling the stock market, so oil is benefiting from it.

– John Kilduff

Found on Reuters 2 years ago Business

The U.S.-China trade war has caused energy demand growth to take a big hit. Any glimmer of hope revives the prospects for a more positive demand landscape.

– John Kilduff

Found on Reuters 2 years ago Business

The Saudis appear to be redoubling their efforts to constrain global supplies, in response to this week's sell-off.

– John Kilduff

Found on Reuters 2 years ago Business

The data was net positive, gDP beat expectations... consumer spending was just off the charts, but business spending was nearly as bad as consumer spending was good.

– John Kilduff

Found on Reuters 2 years ago Business

It's going to be hard to hold onto the gains: there's going to be a question in the market as to whether the cuts are enough, so far they're getting the benefit of the doubt, but we've slipped a bit off the highs.

– John Kilduff

Found on Reuters 2 years ago Business

I think some of the risk premium that got built in because of U.S. tensions with Iran is easing a bit, i think we're also starting to see the economic concerns and demand concerns re-emerge for the market.

– John Kilduff

Found on Reuters 3 years ago Business

The situation with China is as bearish as the Iran situation is bullish, that's why I think we continue to be here in a stalemate.

– John Kilduff

Found on Reuters 3 years ago Business

The developing situation in Libya is also supportive, but, for now the oil is continuing to flow and will likely continue to do so.

– John Kilduff

Found on Reuters 3 years ago Business

If you read into (Trump's comments), I think there's speculation there will, in fact, be another round of waivers granted to countries and companies to buy Iranian oil, that's also why you're seeing the negative reaction.

– John Kilduff

Found on Reuters 3 years ago Business

The report was rather bearish, punctuated by the large crude oil inventory increase, gasoline demand remains anemic.

– John Kilduff

Found on Reuters 3 years ago Business

Production issues there today were a reminder that those issues are ongoing.

– John Kilduff

Found on Reuters 3 years ago Business

It's telling that the multinationals are taking this sanctions business very seriously and are preparing to pull out of Iran. That's really crystallizing the loss of production we're facing.

– John Kilduff

Found on Reuters 3 years ago Company News

There was a lot of anticipation in the market that there was going to be a lot of new oil coming to market, and that isn't going to happen, at least for now.

– John Kilduff

Found on Reuters 4 years ago Company News

A move to put more oil on the market by Saudi Arabia and Russia would be very bearish for prices. The mere contemplation of it has hit oil prices this week.

– John Kilduff

Found on Reuters 4 years ago Company News

You had a series of weak economic data points overnight.

– John Kilduff

Found on Reuters 4 years ago Company News

It's the same witches brew of bullish stuff: Iran, Venezuela, the lack of alacrity by Saudi Arabia to bring more oil onto the market.

– John Kilduff

Found on Reuters 4 years ago Company News

This may one of the most bullish reports that I surveyed - even with domestic production rising to 10.7 million barrels per day, [S]uper-high gasoline demand and crude oil exports of nearly 2 million bpd, once again, add to the bullish tone.

– John Kilduff

Found on Reuters 4 years ago Company News

This is a market that is on tenterhooks in terms of monitoring headlines out of the Middle East.

– John Kilduff

Found on Reuters 4 years ago Politics

We're in a vicious cycle, with no sign of this glut in oil products disappearing anytime soon, while any cutback by refiners is backing up crude into the system. This tells me the rally is over.

– John Kilduff

Found on Reuters 5 years ago Business

The bandwagon trade just two months ago was that we will hit $ 60, but now $ 35 is looking like more of a reality, we're in a vicious cycle, with no sign of this glut in oil products disappearing anytime soon, while any cutback by refiners is backing up crude into the system. This tells me the rally is over.

– John Kilduff

Found on Reuters 5 years ago Business

Imports remain strong and refiners have been more the meeting the gasoline demand, expectations were high for this report, and they were dashed.

– John Kilduff

Found on Reuters 5 years ago Energy

Cushing inventories did rise, taking away some of the strength of the headline drawdown figure, the refinery utilization rate, slightly below, at 90 percent is not all that supportive for crude oil demand, and crude oil imports were not that strong again.

– John Kilduff